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Medigus (NASDAQ: MDGS) posts its public offering of 2,837,674 units at a price of $ 3.50 a unit, for gross proceeds of about $ 10 million. Each unit includes (i) an ADS (or equivalent ADS) and (ii) a Series C warrant for the purchase of an ADS.
The Series C Warrants will have a term of five years, may be exercised immediately and will be exercised for a fiscal year The price of $ 3.50 per ADS
The Excess Attribution of the Underwriters includes an additional 425,651 ADSs and / or Series C Warrants. The Closing Date is July 23
The net proceeds will be used for general purposes.
Shares are down 4% premarket.
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